This statistic shows the potential for headcount savings in the real estate title insurance market, derived from the introduction of blockchain technology, in the United States, as of 2016. As of that time, the introduction of blockchain technology could lower the cost of agent commissions in the United States from 3.6 to 2.9 billion U.S. dollars.
Real estate title insurance headcount expenses, currently vs. post-blockchain, in the United States in 2016
(in billion U.S. dollars)
Characteristic
Agent commissions
Search and examination
Sales and marketing
Abstractors and curative
Corporate and other
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Statista. (December 7, 2016). Real estate title insurance headcount expenses, currently vs. post-blockchain, in the United States in 2016 (in billion U.S. dollars) [Graph]. In Statista. Retrieved August 25, 2024, from https://www.statista.com/statistics/647697/united-states-real-estate-title-insurance-headcount-expenses-current-vs-blockchain/
Statista. "Real estate title insurance headcount expenses, currently vs. post-blockchain, in the United States in 2016 (in billion U.S. dollars)." Chart. December 7, 2016. Statista. Accessed August 25, 2024. https://www.statista.com/statistics/647697/united-states-real-estate-title-insurance-headcount-expenses-current-vs-blockchain/
Statista. (2016). Real estate title insurance headcount expenses, currently vs. post-blockchain, in the United States in 2016 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: August 25, 2024. https://www.statista.com/statistics/647697/united-states-real-estate-title-insurance-headcount-expenses-current-vs-blockchain/
Statista. "Real Estate Title Insurance Headcount Expenses, Currently Vs. Post-blockchain, in The United States in 2016 (in Billion U.S. Dollars)." Statista, Statista Inc., 7 Dec 2016, https://www.statista.com/statistics/647697/united-states-real-estate-title-insurance-headcount-expenses-current-vs-blockchain/
Statista, Real estate title insurance headcount expenses, currently vs. post-blockchain, in the United States in 2016 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/647697/united-states-real-estate-title-insurance-headcount-expenses-current-vs-blockchain/ (last visited August 25, 2024)
Real estate title insurance headcount expenses, currently vs. post-blockchain, in the United States in 2016 (in billion U.S. dollars) [Graph], Statista, December 7, 2016. [Online]. Available: https://www.statista.com/statistics/647697/united-states-real-estate-title-insurance-headcount-expenses-current-vs-blockchain/